Posted on 01/30/2018 8:18:01 AM PST by caww
Amazon, Berkshire Hathaway and JPMorgan Chase & Co. have agreed to work together to provide healthcare for their employees that is "free from profit-making incentives and constraints."
The three companies are hoping to create a new healthcare company that they say will aim to improve employee satisfaction and reduce costs.
The companies provided few details of their plans in a release, and said they were still in the early stages of developing their initiative.
Todd Combs, an investment officer of Berkshire Hathaway; Marvelle Sullivan Berchtold, a managing director of JPMorgan Chase; and Beth Galetti, a senior vice president at Amazon, are working together to develop the new company. They haven't yet announced who will run the program for the long term or where it will be headquartered.
(Excerpt) Read more at washingtonexaminer.com ...
Article also stated.....”growing rumors that Amazon’s executives are looking at ways to disrupt the healthcare industry.............. Shares of pharmacy benefits managers CVS and ExpressScripts, as well as insurance giants UnitedHealth and Aetna, fell following the news.”
Maybe they can be health insurances “uber”.
What these idiots don’t u detest and is that hospitals are non profits. Docs aren’t because they are either part of a group or are independent operators
These turds know nothing about staffing needs in hospitals or urgent care.
They have zero clue about what providing healthcare for anyone is about. The fact that they have seen a doc or hone to a hospital makes them a patient not an expert
I predict there will be a dozen threads on this same story. The search function must be broken.
You are not correct.
They can and have hired the best minds they could find to develop a comprehensive system that is essentially self insurance. Given the size of the various organizations, especially Berkshire Hathaway, the have enormous economies of scale.
They are cutting out lots of middlemen and thereby eliminating expense.
This is a big story that could pass beneath the radar of lots of folks, so, I’m glad to see it in multiples.
They are chasing the cliche and fantasy that “health care” is somehow different from any other service or product humans want, and that its too noble for any involvement with dirty money or pricing.
The other part of their fantasy is the typical “we just need a new way of looking at it” which of course, the smart oligarchs of finance and tech, will naturally be able to do.
>> They can and have hired the best minds they could find <<
OK. No problem if they will avoid “experts” like Jonathan Gruber of MIT and the late Uwe Reinhart of Princeton. Those kinda guys would merely recommend a beefed-up style of “central planning” like that of the old USSR — bound to fail unless it can adopt extreme and coercive measures.
In my opinion, the only “best mind” they need to consult is the late Milton Friedman. He had it all figured out. Just implement a thorough-going system of medical savings accounts, allow the sale of insurance across state lines, limit damage-suit awards, and bingo — we’ll soon make the American health care industry great again.
More importantly, if this leads to onsite "company hospitals" for employees only, they completely overturn the demographics that destroy affordable healthcare for the masses-- e.g. no illegals, no homeless, no druggies, prostitutes, deviants, etc. If ordinary doctors, insurers, and hospitals could restrict care to employed, reliable citizens we wouldn't have a problem in the first place.
Mrs. Bezos $ee$ the beauty in him.
More power to them, if they succeed.
Somehow, I don’t think that they will.
Because liberals.
As much as I despise using overplayed words & phrases - I will say "well played !"
Insurance is not healthcare
Well it’s not exactly clear if this is for employees of their own companies or open to the Insurance market.
I don’t know enough yet to form an opinion but do think it’s something to look at and consider.
As for staffing etc....well these guys don’t invest without those considerations and hiring folks who do know....If Doctors can for their own Insurance groups I don’t see why this wouldn’t also be quite possible.
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